New England Sports Ventures claim that a 'binding agreement' is in place for the sale of Liverpool FC now that the High Court has ruled in favour of RBS.

This deal will leave current owners Tom Hicks and George Gillett out of pocket, as they were expecting to sell the club for more than £300m.

Singapore billionaire Peter Lim offered a larger amount, but presumably his links with Liverpool's hated rivals Manchester United did not help his bidin the eyes of the board.